Investment & Investing

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Sam_w in reply to @Howard

?

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Howard in reply to @Sam_w

£600 seems like a lot of interest on £50 a month, unless you've been doing it for a long time, but then most of these 'high interest' accounts don't allow that kind of balance.

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Sam_w in reply to @Howard

ah sorry confusion.

£600 is the principal. I mean £600 principal, plus the interest this generates. The account closes each year, so you start again.

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